RXO (NYSE:RXO) Trading Down 7.2% – Time to Sell?

Shares of RXO, Inc. (NYSE:RXO) fell 7.2% on Wednesday . The stock traded as low as $22.95 and last traded at $23.43. 86,583 shares traded hands during trading, a decline of 91% from the average session volume of 927,466 shares. The stock had previously closed at $25.26.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on RXO. Jefferies Financial Group lowered their target price on shares of RXO from $33.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, January 10th. Wells Fargo & Company reduced their price target on shares of RXO from $31.00 to $28.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. Susquehanna reduced their price target on shares of RXO from $16.00 to $12.00 and set a “negative” rating for the company in a report on Tuesday, November 12th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $29.00 target price on shares of RXO in a research report on Monday, November 18th. Finally, Benchmark restated a “hold” rating on shares of RXO in a research report on Wednesday, January 15th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $26.79.

RXO Stock Performance

The firm’s 50 day moving average price is $26.12 and its 200-day moving average price is $27.59. The firm has a market cap of $3.40 billion, a price-to-earnings ratio of -10.69, a P/E/G ratio of 3.98 and a beta of 1.53. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 1.33.

RXO (NYSE:RXO) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.06. RXO had a negative net margin of 6.81% and a positive return on equity of 1.64%. On average, analysts anticipate that RXO, Inc. will post 0.12 earnings per share for the current year.

Institutional Trading of RXO

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new position in shares of RXO during the 3rd quarter valued at about $28,000. Blue Trust Inc. increased its holdings in shares of RXO by 79.7% during the 4th quarter. Blue Trust Inc. now owns 1,150 shares of the company’s stock worth $27,000 after acquiring an additional 510 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in shares of RXO by 68.7% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,400 shares of the company’s stock worth $39,000 after acquiring an additional 570 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of RXO by 40.0% during the 3rd quarter. GAMMA Investing LLC now owns 1,784 shares of the company’s stock worth $50,000 after acquiring an additional 510 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its holdings in RXO by 407.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,800 shares of the company’s stock valued at $43,000 after buying an additional 1,445 shares in the last quarter. 92.73% of the stock is currently owned by institutional investors and hedge funds.

About RXO

RXO, Inc provides full truckload freight transportation brokering services. It also offers brokered services for managed transportation, last mile, and freight forwarding. The company was incorporated in 2022 and is based in Charlotte, North Carolina.